mitha rosdiana
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November 17, 2017, 10:33:34 AM |
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will definitely store my bitcoin in the offline wallet that I save just for storage, if I'm out and need some money in my bank account. This works very well for me and I'm very happy with it as it is now with bitcoin, and I will definitely keep it safe.
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mitha rosdiana
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Activity: 56
Merit: 0
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November 17, 2017, 10:42:28 AM |
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one more reason I keep my bitcoin through online wallet, actually at various addresses like electrum, multibit hd, bitcoin core, meycelium, and bitcoin and the other comes from bitcoin exchange wallets. But I am a little curious about the offline wallet, I want to try it, someone can give me feedback. thank you
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Kakawate
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November 17, 2017, 10:54:44 AM |
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I have all my coins in on an online trading site (paxful) (low volume)
I plan on making a large investment very soon, and want to safely store all of my coins I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.
What is the best way to do this, and what's the best way of ensuring a backup?
How do you currently store your coins
thanks in advance for any inputs
My bitcoins are all in my trading account, Im just holding it all there and letting it increase its value, I plan on investing some of my bitcoins in some ICOs that I think would make a big hit in the market. But for now, my coins are gonna be staying in my trading account.
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watchurstep45
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November 18, 2017, 06:52:57 AM |
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i keep my bitcoins through software wallet, or in trading sites i will leave my bitcoin there for safety
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Sithara007
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November 18, 2017, 07:13:48 AM |
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I am keeping a part of my coins in online wallets and the remaining part in paper wallets. I am planning to buy a Ledger Blue for sometime now, but it seems to be a bit risky as of now. If I store my coins in a hardware wallet, then it increases the risk of robbery or confiscation. Other people will come to know that I own some coins, and I don't want that to happen.
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janelleshepard
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Activity: 210
Merit: 10
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November 18, 2017, 07:15:27 AM |
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Download an offline wallet like electroum, set password , save your private key into somewhere that noone can find it (except you) and disconnect the internet connection of your computer.
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2hot2handle
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November 18, 2017, 07:29:39 AM |
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I usually keep bitcoin in online wallets Mostly use coisebase and blockchain. I think online wallet are so esay to use and 100% safety
I also put my bitcoin in online wallet so that I can easily access it whenever I did to convert or I need to transfer bitcoin in exchange to do trade. This is not safe but I am doing it for the mean time.
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EssEnn
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Activity: 7
Merit: 0
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November 19, 2017, 04:11:18 PM |
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Usually keep my bitcoins on blockchain wallet although have some in coinomi wallet.
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denzkilim
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November 19, 2017, 04:27:41 PM |
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I only have few bitcoin or should I call it satoshi's and I keep it on an online wallet here in our country. If I have a lot of bitcoins I will definitely store it on an offline computer for its safety.
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Faroxx
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November 19, 2017, 05:07:40 PM |
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I keep my bitcoins in the official mobilnom purse BitcoinCore. I think it is convenient and pretty safe.
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bad_taste
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Activity: 10
Merit: 0
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November 19, 2017, 05:15:55 PM |
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I use a wallet Copay. It is very handy and easy to use for beginners. Also, a certain amount is in the currency exchange, where I study crypt-trade. In the future, I plan to use devices such as Trezor or Ledger.
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Sengoko
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November 21, 2017, 01:14:38 PM |
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Why would you be holding onto Bitcoin for so long i will prefer investing with it to get daily returns instead of future because nobody is promise tomorrow
Yes that is famous. Block chain is giving more reliable features than other wallets and thus it is being praised and used by majority of bitcoin users. It is safe and this is most amazing attribute of it. You shouldn’t give your private key to anyone and else just relax hackers cant access it, it is so secure. Just do your business with great zeal and passion and then enjoy the perks of happiness.
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ramayor
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Activity: 102
Merit: 15
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November 23, 2017, 05:53:50 AM |
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How I keep my bitcoins is the same question for how I protect my bitcoins. Here: 1. Never store wallet address and the private key in the same place 2. Only use your own PC or phone for transactions. 3. Split up your bitcoin holding between numerous smaller wallets 4. Back up all your wallet on offline hard drives 5. Use wallet encryption 6. Update online wallet software Keepy your bitcoins well.
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bustomi
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November 23, 2017, 05:59:31 AM |
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I just keep it on local exchanger, and make sure it really secure that impossible to hack. But still, it depends on us how we secure our wallet, if we get tricked with phising site, that's it! We done
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James Messy
Jr. Member
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Activity: 56
Merit: 2
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November 23, 2017, 06:02:43 AM |
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Experts caution against storing large amounts of coins through cryptocurrency exchanges, or in digital wallet apps on your smartphone or computer. The public-facing internet offers an attacker too many inroads to attempt to infiltrate your wallet, or trick you into giving them access.
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James Messy
Jr. Member
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Activity: 56
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November 23, 2017, 06:03:52 AM |
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And a key step to protecting your cryptocurrency is to store anything of significant value in a hardware wallet—a physical device, like a USB drive, that stores your private keys and currency locally and isn’t connected to the internet.
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Trixie28
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November 23, 2017, 06:04:24 AM |
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i kept my bitcoins on a safe wallet, in a bank and other are for investments and business.
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UchihaRukawa
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November 23, 2017, 06:18:14 AM |
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I have all my coins in on an online trading site (paxful) (low volume)
I plan on making a large investment very soon, and want to safely store all of my coins I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.
What is the best way to do this, and what's the best way of ensuring a backup?
How do you currently store your coins
thanks in advance for any inputs
I usually keep my bitcoin in my trading account, and hold it there till the time I have somewhere to invest it with. Maybe next year Im gonna try to buy altcoins and invest it till it gives me more profit. Now Im buying more bitcoin whenever its price is on a down trend.
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panjay
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November 23, 2017, 06:44:49 AM |
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I keep it some in exchange and in my own wallet, but if you want to invest it, in other word open it like 5-10 years later you want to make sure to secure it.
Alright if you want to secure your bitcoin, first thing first don't even think about keeping it at the exchange. Simply because YOU don't own the private key/ No Private key means that you don't have a right about your coins. It not your coin anymore and at the mercy of the exchange. Bad thing CAN happen, even from a reputable "poloniex'. They used to be fine until the explosion of the new user that they blame for many, I repeat many problems like site lagging, withdrawal issue etc and when that happens you will have your money getting risk.
So I suggest get yourself an offline wallet or even better a Hardware wallet like TREZOR/LEDGER. Make sure you remember the password and priv key. Make a copy of tht with your handwriting or anything and keep it safe and you settle.
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andylioe78
Member
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Activity: 267
Merit: 10
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November 23, 2017, 06:55:15 AM |
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they store bitcoins in their offline wallets. If they have entered a low value if they are outside and need some money in their bank account and they are very happy with it.
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